Subject: RE: Northwestern
From: [email-masked]
To: [email-masked]
Cc: [email-masked], [email-masked], [email-masked]
Date: Wed, 14 Nov 2001 16:43:06 -0800 (PST)

The documents give us a choice between paying the Remaining Purchase Amount Refund Amount ($5.099 million) to the LLC or paying the GE Accelerated Payment ($?) to GE.  As you know cash is extremely tight at the moment - have we done all we can to negotiate a lower payoff amount with GE?  The Remaining Purchase Amount Refund Amount allows us to deduct interest, a benefit of ~2.24%.  Can GE give us any discount in excess of 2.24%?  If so, we should opt for the GE Accelerated Payment.  We can discuss this further tomorrow.
-Catherine
x3-9943

 -----Original Message-----
From: 	Jacoby, Ben  
Sent:	Wednesday, November 14, 2001 5:58 PM
To:	Mann, Kay; Booth, Chris; Clark, Catherine
Subject:	Northwestern

Mike Young from NW called to advise me that they received GE's consent. NW plans to send us notice of this tomorrow. I believe this will trigger our obligation to pay NW the balance of payments we hold, discounted at 7.5 % p.a. I believe this means that we will need to pay NW $5.1 million of the $5.2 million we have been prepaid.

Let's talk about this in the AM.